MENDHAM AREA SENIOR HOUSING (EIN 222135618) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

CLIFF STRAUB

Phone

9735432666

Tax Period

2024-01-01 to 2024-12-31

MENDHAM AREA SENIOR HOUSING, founded in 2006, is a small nonprofit that reported $463K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $401K left a modest 13% surplus.

Mission

OPERATING LOW INCOME SENIOR CITIZEN HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $91,714

Program Service Revenue $368,242

Investment Income $2,718

Other Revenue $0

TOTAL REVENUE $462,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,774

Fundraising Expenses $0

Program Expenses $286,380

Other Expenses $306,754

TOTAL EXPENSES $400,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,674	$362,520	+0.3%
Expenses	$400,528	$395,536	+0.0%
Net Income	$62,146	$-33,016	-2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW HIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
MARY CAVUTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLIFF STRAUB	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH D'URSO	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH GIANAKOPOULOS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD KRIEG	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS KWASNIK	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB SANTOS	TRUSTEE	1.00	Director	$0	$0	$0
STANLEY WITCZAK III	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN LANAHAN	TRUSTEE	1.00	Director	$0	$0	$0
DR JOSEPH J RYAN MD	TRUSTEE	1.00	Director	$0	$0	$0
THERESA BORZELLI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL COLANNINO	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$462,674	$400,528	$948,906	$62,146
2023	$362,520	$395,536	$930,674	$-33,016
2022	$306,261	$417,383	$999,784	$-111,122
2021	$322,804	$389,171	$965,061	$-66,367
2020	$299,980	$333,095	$1,045,934	$-33,115
2019	$326,829	$372,887	$1,097,481	$-46,058
2018	$328,790	$373,844	$1,158,020	$-45,054

MENDHAM AREA SENIOR HOUSING